How to Buy Palomar Holdings Stock
Palomar Holdings Inc
Palomar Holdings, Inc. , an insurance holding company, provides specialty property insurance to residential and commercial customers.
Palomar Holdings stock last closed at $109.03, up 0.67% from the previous day, and has increased 72.65% in one year. It has overperformed other stocks in the Insurance - Property & Casualty industry by 0.38 percentage points. Palomar Holdings stock is currently +100.06% from its 52-week low of $54.50, and -2.01% from its 52-week high of $111.27.
As of Dec 2, 2024, there are 26.47M shares of PLMR outstanding. The market value of PLMR is $2.89B. In the past 24 hours, 104,040 PLMR shares were traded.
How to Buy Palomar Holdings Stock
Not sure how to invest in Palomar Holdings stock? Here's how.
- Choose where to buy Palomar Holdings stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Palomar Holdings stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Select your method of payment and add your information.
- Analyze Palomar Holdings stock: The Palomar Holdings ticker symbol is PLMR. Is Palomar Holdings stock a good investment? Should you buy shares of PLMR? How do PLMR's underlying business fundamentals look? Do top analysts think Palomar Holdings is a good buy? Why has PLMR's stock price moved recently? (Hint: Our stock research tools can help you figure out if PLMR is a good stock to buy).
- Execute your PLMR trade: Decide if you will purchase PLMR shares at the current market price or use a limit order to purchase PLMR shares at a specific price.
- Get notifications regarding your investment in PLMR: Create a watchlist to get the latest news on your new investment in Palomar Holdings shares.
Step 1: Choose where to buy Palomar Holdings stock
You will need an online brokerage account to access the NASDAQ market and buy PLMR stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal information so you can invest in PLMR today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open your new trading account.
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Step 3: Deposit money your investment account
Now that you have opened your account on the best stock buying app, you can securely and quickly fund your account:
Check out the walkthrough below to see the process of depositing money into your investment account.
Step 4: Analyze Palomar Holdings stock
Once you have figured out the best place to buy Palomar Holdings stock, it's very important to evaluate their stock prior to investing, so you truly wrap your head around the risk and upside.
Palomar Holdings Numbers
Palomar Holdings Fundamentals
WallStreetZen was created to help average investors perform better fundamental analysis.
You can view all of the due diligence checks on PLMR's stock page.
What is the fair value of PLMR stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PLMR's fair value.
Using relative valuations ratios:
- PLMR could be overvalued based on its P/E ratio of 25.3x, relative to Insurance - Property & Casualty industry P/E ratio of 14.57x
- PLMR may be overvalued based on its P/B ratio of 4.1x, relative to Insurance - Property & Casualty industry P/B ratio of 2.36x
- PLMR may be overvalued based on its PEG ratio of 2.25x
You can do more valuation analysis on PLMR's stock here.
A quick look at PLMR Financials
Signs that PLMR is financially healthy:
- PLMR earnings of $141.57M is not sufficient to cover its interest payments.
- PLMR profit margin has gone up from 20.1% to 21.5% in the past year.
- PLMR's operating cash flow of $210.79M allows it to safely service it's debt of $0.00.
Signs that PLMR is not financially healthy:
- Total PLMR debt is higher than 5 years ago, relative to shareholder equity.
- PLMR has a relatively high debt to equity ratio of 2.24.
Do Wall Street analysts think it's a good time to buy PLMR stock
Out of 6 Wall Street analysts who give ratings on PLMR, the consensus analyst rating on PLMR is a Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Latest PLMR Analyst Forecasts
David Motemaden, a top 25% analyst from Evercore ISI Group maintains PLMR with a hold rating and raises their PLMR price target from $90.00 to $99.00, on Aug 6, 2024.
You can dig deeper into what analysts are projecting on the Palomar Holdings stock forecast page.
PLMR Momentum
PLMR Earnings
Last year, PLMR earnings were $108.50M. During the past five year, PLMR's earnings have grown by 236.43% per year. This was faster than the Insurance - Property & Casualty industry average of 23.02%.
Last year, PLMR revenue was $503.50M. Over the last five year, PLMR's revenue has increased by 39.79% per year. This was faster than the Insurance - Property & Casualty industry average of 12.65%.
Find out more about PLMR's earnings and revenue performance here.
What are PLMR executives and large shareholders up to?
Over the last 12 months, executives and large shareholders at PLMR have sold more shares than they have bought.
Mac Armstrong, CEO and Chairman of PLMR, was the latest PLMR insider to sell. They sold $381,747.60 worth of PLMR shares on Nov 21, 2024.
Research more about who owns PLMR shares here.
Can I rely on PLMR as an income stream?
No, Palomar Holdings doesn't provide an income stream by paying out dividends.
What others are saying about PLMR
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your PLMR trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, place a limit order.
Press the Open button and eToro will execute your order.
If you need additional info about buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your investment in PLMR
Now that you own some PLMR stock, you'll want to keep up with your stock purchase.
Create a watchlist to get alerted to the latest events about your PLMR stock.
PLMR Feed
How to Buy Stock in Palomar Holdings
To summarize, here are the 6 steps to buy Palomar Holdings stock:
- Choose where to buy Palomar Holdings stock
- Sign up for your brokerage account
- Deposit money your investment account
- Analyze Palomar Holdings stock
- Execute your PLMR trade
- Get notifications regarding your investment in PLMR
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to watch your investment in Palomar Holdings, click below.
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